In 2014, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 6.47153 trillion ($1.04 trillion), increasing by 3.3 percent year on year, according to data released by China's National Bureau of Statistics (NBS) on January 27, with the increase rate in question 2.0 percentage points lower than that recorded in the January-November period of last year. In December alone, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 850.73 billion ($137.21 billion), decreasing by 8.0 percent year on year.
Of the 41 major industrial sectors in China, in2014 28 sectors registered year-on-year increases in gross profit, while 11 sectors witnessed year-on-year decreases in gross profit, with the other two sectors remaining stable.
In particular, in 2014, the aggregate gross profit of the ferrous metal mining industry in China was RMB 80.12 billion ($12.92 billion), decreasing by 23.9 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 164.72 billion ($26.57 billion) in the given period, decreasing by 2.7 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in 2014 was RMB 200.52 billion ($32.34 billion), increasing by 7.9 percent year on year. In addition, in the given year, the total gross profit of China's automobile manufacturing sector amounted to RMB 599.10 billion ($96.63 billion), indicating a year-on-year increase of 18.1 percent, while the total gross profit of the country’s railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 20.5 percent year on year to RMB 95.53 billion ($15.41 billion).